PENN SQUARE OPERA

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

SCOTT DRACKLEY

Phone

7173142591

Tax Period

2023-01-01 to 2023-12-31

PENN SQUARE OPERA, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $279K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $356K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROVIDE PROFESSIONAL PERFORMANCE AND TRAINING OPPORTUNITY FOR TALENTED ARTISTS AT THE BEGINNING OF THEIR CAREER IN A NURTURING AND SUPPORTIVE ATMOSPHERE. TO BRING PROFESSIONAL PERFORMANCES OF OPERA AND MUSICAL THEATRE TO LANCASTER AUDIENCES AND THE REGION.

Program Service Accomplishments

Program 1

Expenses: $269,666 Revenue: $104,937

TO PROVIDE OPERA AND MUSICAL THEATRE PERFORMANCES AND EVENTS TO THE LANCASTER COMMUNITY AND THE REGION. ALSO, TO PROVIDE MUSICAL INSTRUCTION IN PERSON OR BY VIRTUAL SESSIONS TO PEOPLE OF ALL AGES...

TO PROVIDE OPERA AND MUSICAL THEATRE PERFORMANCES AND EVENTS TO THE LANCASTER COMMUNITY AND THE REGION. ALSO, TO PROVIDE MUSICAL INSTRUCTION IN PERSON OR BY VIRTUAL SESSIONS TO PEOPLE OF ALL AGES. DURING 2023, THE ORGANIZATION PROVIDED 4 MUSICAL PRODUCTIONS WITH 9 PERFORMANCES TO 1,769 ATTENDEES WHICH INCLUDED 525 FREE TICKETS TO STUDENTS. THE ORGANIZATION ALSO PROVIDED 2,793 MUSIC LESSONS TO 57 STUDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $176,386

Program Service Revenue $104,937

Investment Income $-3,539

Other Revenue $1,134

TOTAL REVENUE $278,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,704

Fundraising Expenses $11,000

Program Expenses $269,666

Other Expenses $277,966

TOTAL EXPENSES $355,670

Year-over-Year Comparison

	2023	2022	Change
Revenue	$278,918	$224,259	+0.2%
Expenses	$355,670	$283,944	+0.3%
Net Income	$-76,752	$-59,685	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT DRACKLEY	ARTISTIC DIR	5.00	Officer	$0	$0	$0
MARY BURTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
PHYLLIS DRACKLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROLYN MOODY	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
KATHY SEABER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER SWETLAND	DIRECTOR	1.00	Director	$0	$0	$0
SHARON TSCHUDY	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2023	$278,918	$355,670	$6,570	$-76,752
2022	$224,259	$258,906	$80,287	$-34,647